Uniondale, N.Y.—Arbor Commercial Mortgage LLC, a national direct commercial real estate lender, announced the appointment of John A. Hay to director in Arbor’s Bethesda, Md., office. Hay is responsible for originating loans nationwide using Arbor’s complete product portfolio with a special focus on Fannie Mae DUS, Federal Housing Administration (FHA) and bridge loan transactions. He reports to Ken Fazio, senior vice president, national production manager.
Hay has 23 years of diversified experience in the business. Prior to joining Arbor, he was a senior loan officer with Alliant Capital LLC, a Fannie Mae DUS multifamily lender. While with Alliant, Hay was responsible for originating multifamily debt on a nationwide basis with a particular focus on the Mid-Atlantic and Northeast regions.
Previous to that role, Hay was a director with KeyBank Real Estate Capital Markets, where he originated senior loans and structured debt, equity and mezzanine investments for both residential and commercial properties nationwide. During his tenure at KeyBank, he oversaw a loan origination team focused on permanent mortgages, including Fannie Mae, Freddie Mac and FHA loans. He also structured debt products for new construction, rehabilitation and stabilized projects and oversaw a $100-million, co-mingled opportunity fund focused on distressed residential investment nationwide.